Funding arb · Price arb /

CRWD

RWAall CRWD markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0017%/8h= +1.9% APRpaid last 24h +0.002%

Price spread now: QFEX against SunX+0.032%7-day average −0.025% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)−0.045%−$5 · spread now +0.032%, 7d avg −0.025%

Together, before fees−0.047%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and QFEX is 0.057% dearer against SunX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX CRWD-USDT	250.80	0	get 0.0000% / 8h	34m 19s	$2K	$1.1M	10x
Short	QFEX CRWD-USD	250.88	0.0017	get 0.0002% / 1h	34m 19s	$1.2M	$2.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against SunX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee SunXbpFee QFEXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $3.65
Price spread: +0.032% → −0.025%: $5.71
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$8.64
Costs to cover: 0.180%
Break-even: 23.6 days

Slippage unknown: SunX: live order book, 9 min ago; QFEX: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 9 min ago	500.31 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell QFEX live order book, 3 min ago	2.39 bp	7.8 bp −$8	10.9 bp −$109	doesn't fit	doesn't fit

CRWD on 18 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective CRWD/USDC PERP	−0.0220%	1h	246.01	−1.910%	$22K	$20K	12x	as long as short
BloFin CRWD-USDT	−0.0004%	8h	250.96	+0.064%	$70K	$24K	25x	as long as short
Aster CRWDUSDT	0.0000%	8h	250.80	+0.001%	$4K	$35K	20x	as long as short
Binance CRWDUSDT	0.0000%	8h	250.94	+0.057%	$2.5M	$7.3M	25x	as long as short
Bybit CRWDUSDT	0.0000%	8h	250.64	−0.064%	$1.2M	$441K	25x	as long as short
OKX CRWD-USDT-SWAP	0.0000%	8h	250.78	−0.008%	$547K	$764K	25x	as long as short
Bitget CRWDUSDT	0.0000%	8h	250.83	+0.012%	$306K	$443K	20x	as long as short
Variational Omni CRWD	0.0000%	8h	250.89	+0.035%	$68K	$60K	—	as long as short
SunX CRWD-USDTlong	0.0000%	8h	250.80	long leg	$2K	$1.1M	10x
HTX CRWD-USDT	0.0000%	8h	251.08	+0.112%	$6K	$7K	20x	as long as short

Show all 18 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex CRWDUSDT	0.0000%	8h	250.98	+0.072%	$1.5M	$221K	10x	as long as short
QFEX CRWD-USDshort	+0.0017%	1h	250.88	+0.032%	$1.2M	$2.7M	10x
GRVT CRWD_USDT_Perp	+0.0033%	8h	250.82	+0.006%	$627	$125K	10x	as long as short
Extended CRWD_24_5-USD	+0.0048%	1h	250.74	−0.024%	$100K	—	10x	as long as short
tradeXYZ xyz:CRWD	+0.0096%	1h	250.72	−0.032%	$894K	$676K	10x	as long as short
KuCoin CRWDUSDTM	+0.0100%	8h	250.75	−0.020%	$34K	$232K	20x	as long as short
Phoenix CRWD	+0.0128%	1h	250.87	+0.028%	$5	$121K	10x	as long as short
Paragon para:CRWD	+0.0322%	1h	250.64	−0.063%	$85K	$108K	10x	as long as short